Washington, June 11 (IANS) President Donald Trump has cast a fresh doubt on the future of the United States-Mexico-Canada Agreement (USMCA), saying he is not certain he will renew the North American trade pact when it comes up for review during his current term. Speaking at the White House after signing the Secure America Act on Wednesday (local time), Trump said the agreement’s most important feature was not the trade provisions themselves but the fact that it allows the United States to revisi…
Latest USMCA News & Updates
Washington, June 3 (IANS) The United States Trade Representative (USTR), under Section 301 of the Trade Act of 1974, has proposed to impose an additional up to 12.5 per cent tariff on India and 59 other economies over allegations of using forced labour to produce imported goods.In a statement, USTR claimed that 60 economies have failed to enforce rules against imported goods made via forced labour.”Under Section 301 of the Trade Act of 1974 that the acts, policies, and practices of 60 economies …
Mexico City, June 2 (IANS) Mexico will focus on persuading the United States to eliminate existing tariffs during the review process of North America’s trilateral free trade agreement, Mexican Economy Secretary Marcelo Ebrard said.The economy secretary said at an event that the US delegation put forward several proposals following the first round of formal negotiations last week on the review of the United States-Mexico-Canada Agreement (USMCA), Xinhua news agency reported.”There are a wide rang…
Washington, May 7 (IANS) More than 50 Republican lawmakers have urged the Trump administration to block Chinese automotive and battery companies from manufacturing in the United States, arguing that such a move would threaten American jobs, supply chains and national security.In a letter led by Representatives Mike Kelly and Gus Bilirakis, the lawmakers asked Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer to reject any effort by Chi…
Washington, April 8 (IANS) The United States has described its trade relationship with China as “stable” while warning that the global trading system risks becoming “less relevant” if reforms are not undertaken, US Trade Representative Jamieson Greer said.Speaking at the Hudson Institute on Tuesday (local time), Greer said Washington is maintaining a cautious balance with Beijing, avoiding escalation while protecting economic and national security interests.“Right now, the United State…
Washington, March 2 (IANS) The White House on Monday unveiled President Donald Trump’s 2026 Trade Policy Agenda, declaring that “America is back” and vowing to deepen tariffs, enforce trade laws, and renegotiate key agreements to reduce what it calls a national emergency driven by record trade deficits. The 2026 agenda argues that “the United States currently runs the largest trade deficit in human history,” after offshoring 5 million manufacturing jobs and losing more than 70,000 f…
New Delhi, Feb 22 (IANS) The tariffs collected from various jurisdictions by the US administration range from $160-175 billion (Chinese companies have paid the highest likely), and the refund could be a ‘mess’ but it would also be a psychological deterrent in imposition of future tariff structure, according to a new SBI Research report.US President Donald Trump has now raised global tariffs to 15 per cent, invoking Section 122 of the Trade Act of 1974, a move that escalates his trade offensi…